March 12, 2020 / 9:06 AM / a month ago

German engineering industry lowers 2020 production outlook

FILE PHOTO: A welding robot creates sparks during the body shell production of a Ford Fiesta at the Ford assembly line in Cologne September 12, 2013. REUTERS/Wolfgang Rattay/File Photo

BERLIN (Reuters) - German engineering industry association VDMA on Thursday lowered its production forecast for this year, pointing to factors including the coronavirus pandemic.

Production is now expected to decline by 5% in real terms year-on-year, VDMA said. It previously forecast output would likely contract by 2%.

Reporting by Thomas Seythal, editing by Thomas Escritt

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